<what is the percentage of option ARMs in CA and other wacko zones now? was it something like 40-50% last year?>
of securitized mortgages:
Prime:
2003 45 ARM, 25 IO, 0 NA, 47 Calf, 736 FICO
2004 71 ARM, 44 IO, 7 NA, 46 Calf, 733 FICO
2005 (first half) 75 ARM, 30 IO, 33 NA, 55 Calf, 729 FICO
Alt A:
2003 30 ARM, 17 IO, 0 NA, 43 Calf, 711 FICO
2004 66 ARM, 44 IO, 9 NA, 43 Calf, 710 FICO
2005 43 ARM, 35 IO, 10 NA, 36 Calf, 714 FICO
Subprime:
2003: 62 ARM, 3 IO, 0 NA, 30 Calf, 625 FICO
2004: 72 ARM, 12 IO, 0 NA, 33 Calf, 625 FICO
2005: 80 ARM, 19 IO, 0 NA, 31 Calf, 624 FICO |
